First Majestic Silver Corp
TSX:FR

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First Majestic Silver Corp
TSX:FR
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Price: 8.09 CAD -1.34% Market Closed
Market Cap: 2.3B CAD

Relative Value

The Relative Value of one FR stock under the Base Case scenario is 6.17 CAD. Compared to the current market price of 8.09 CAD, First Majestic Silver Corp is Overvalued by 24%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FR Relative Value
Base Case
6.17 CAD
Overvaluation 24%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
44
Median 3Y
3
Median 5Y
2.9
Industry
1.8
Forward
2.5
vs History
vs Industry
Median 3Y
-14.2
Median 5Y
-405.6
Industry
16.2
Forward
-73.9
vs History
47
vs Industry
7
Median 3Y
31.7
Median 5Y
27.8
Industry
9.6
vs History
vs Industry
Median 3Y
-15.7
Median 5Y
-22.8
Industry
15.8
vs History
11
vs Industry
48
Median 3Y
1.1
Median 5Y
0
Industry
1.6
vs History
34
vs Industry
44
Median 3Y
3.1
Median 5Y
3
Industry
2.2
Forward
2.6
vs History
28
vs Industry
8
Median 3Y
45.5
Median 5Y
36
Industry
7.3
vs History
23
vs Industry
9
Median 3Y
19.1
Median 5Y
17.5
Industry
10.5
vs History
vs Industry
Median 3Y
-45.4
Median 5Y
-50.5
Industry
13.4
vs History
46
vs Industry
9
Median 3Y
31.8
Median 5Y
29.2
Industry
10.9
vs History
vs Industry
Median 3Y
-19.8
Median 5Y
-21.2
Industry
14.5
vs History
11
vs Industry
50
Median 3Y
0.9
Median 5Y
0
Industry
1.4

Multiples Across Competitors

FR Competitors Multiples
First Majestic Silver Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
First Majestic Silver Corp
TSX:FR
2.3B CAD 3 -12.6 19.5 -51.1
CA
Pan American Silver Corp
TSX:PAAS
13.8B CAD 3.4 32.3 8.8 17.9
US
Hecla Mining Co
NYSE:HL
3.7B USD 3.7 52.9 12.1 25
CA
MAG Silver Corp
TSX:MAG
2.9B CAD 26.1 23.5 29.2 29.5
CA
Fortuna Silver Mines Inc
TSX:FVI
2.7B CAD 1.7 12.2 3.5 6.6
CA
Endeavour Silver Corp
TSX:EDR
1.7B CAD 5.8 -20 32.3 145.5
CA
Aya Gold & Silver Inc
TSX:AYA
1.6B CAD 16.8 -93.8 -46.7 -37
US
Gatos Silver Inc
TSX:GATO
1.5B CAD 0 32.3 -29.2 -29.2
CA
Silvercorp Metals Inc
TSX:SVM
1.2B CAD 3 15.3 4.6 6.1
CA
GoGold Resources Inc
TSX:GGD
652m CAD 8.3 138 29.5 42.2
CA
Discovery Silver Corp
XTSX:DSV
467.2m CAD 0 -26.3 -24.7 -24.2
P/E Multiple
Earnings Growth PEG
CA
First Majestic Silver Corp
TSX:FR
Average P/E: 43.8
Negative Multiple: -12.6
N/A N/A
CA
Pan American Silver Corp
TSX:PAAS
32.3
70%
0.5
US
Hecla Mining Co
NYSE:HL
52.9
78%
0.7
CA
MAG Silver Corp
TSX:MAG
23.5
-2%
N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
12.2
16%
0.8
CA
Endeavour Silver Corp
TSX:EDR
Negative Multiple: -20 N/A N/A
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -93.8 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
32.3
55%
0.6
CA
Silvercorp Metals Inc
TSX:SVM
15.3
49%
0.3
CA
GoGold Resources Inc
TSX:GGD
138
136%
1
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -26.3 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
First Majestic Silver Corp
TSX:FR
Average EV/EBITDA: 17.5
19.5
N/A N/A
CA
Pan American Silver Corp
TSX:PAAS
8.8
24%
0.4
US
Hecla Mining Co
NYSE:HL
12.1
8%
1.5
CA
MAG Silver Corp
TSX:MAG
29.2
4%
7.3
CA
Fortuna Silver Mines Inc
TSX:FVI
3.5
-3%
N/A
CA
Endeavour Silver Corp
TSX:EDR
32.3
84%
0.4
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -46.7 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.2 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
4.6
38%
0.1
CA
GoGold Resources Inc
TSX:GGD
29.5
196%
0.2
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.7 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
First Majestic Silver Corp
TSX:FR
Average EV/EBIT: 39
Negative Multiple: -51.1
N/A N/A
CA
Pan American Silver Corp
TSX:PAAS
17.9
41%
0.4
US
Hecla Mining Co
NYSE:HL
25
30%
0.8
CA
MAG Silver Corp
TSX:MAG
29.5
N/A N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
6.6
N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
145.5
106%
1.4
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -37 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.2 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
6.1
55%
0.1
CA
GoGold Resources Inc
TSX:GGD
42.2
N/A N/A
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.2 N/A N/A